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Low rainfall and drought have hurt key kharif crops in India, including soybean and groundnut, with groundnut output reportedly expected to fall more than 20%. Industry groups expect edible oil imports to rise to about 17.5 million tonnes in 2026-27 from 16.5 million in 2025-26, with higher maize, soymeal and sugar imports also likely.
Poultry producers have asked for soymeal imports as feed costs rise.
A drought-driven shortfall in Indian oilseeds shifts demand toward imported vegetable oils and soymeal, supporting palm oil and soybean meal prices. Higher imports also add pressure on the rupee.
environmentpulse.comNov 10, 2026After 181 past bullish weather events, Palm Oil moved a median +0.5% over 5 sessions (56% higher; middle half -0.9% to +1.9%), and +0.3% over 20.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
After 184 past bullish weather events, Soybean Oil moved a median +0.3% over 5 sessions (53% higher; middle half -1.9% to +2.4%), and -0.5% over 20.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
